Skip to main content

View Diary: Destroying the Gulf for what?  Better paths forward ... (274 comments)

Comment Preferences

  •  But it's not working that way (3+ / 0-)
    Recommended by:
    Dauphin, shaharazade, divineorder

    because of the financial crisis.

    The capitol for clean energy research and projects and start ups all but dried up in the last two years due to the crisis. Despite the fall from the $150/barrel in the summer of 2008.

    •  I'm agreeing with you. (7+ / 0-)

      Clean energy investments collapsed precisely because oil prices fell. That's the problem. As long as oil isn't permanently expensive enough to encourage the lock-in is broken, that will happen. OPEC knows this. For example, during the 1970s OPEC could have really screwed the world's economy... but didn't. Why? Because that would push nations along the path of abandoning oil. OPEC pushed the price high enough to cause pain but not high enough to break the lock-in.

      Iuris praecepta sunt haec: Honeste vivere, alterum non laedere, suum cuique tribuere. - Ulpian, Digestae 1, 3

      by Dauphin on Sat May 01, 2010 at 06:17:47 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (132)
  • Community (62)
  • Elections (40)
  • 2016 (38)
  • Environment (36)
  • Bernie Sanders (35)
  • Hillary Clinton (30)
  • Culture (30)
  • Republicans (29)
  • Media (29)
  • Climate Change (27)
  • Spam (23)
  • Congress (23)
  • Education (23)
  • Civil Rights (22)
  • Barack Obama (21)
  • Labor (21)
  • Trans-Pacific Partnership (21)
  • Law (20)
  • Texas (20)
  • Click here for the mobile view of the site